mistertomlinson
Short

Perfect head and shoulders and impending trendline breach.

NYSE:NKE   NIKE INC
78 0 0
NKE             has formed a perfect head and shoulders and fell through the neckline on HEAVY volume . If support fails at this major trendline , I'm expecting a freefall.

I won't pretend to know much about Nike's business, but I doubt a 28 P/E is warranted. Heavy insider selling is also disconcerting. This stock has PLENTY of room to fall.

The market is crashing and this is a perfect short candidate.
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